BABA Alibaba Group Holding Limited Options Ahead of Earnings
Updated
If you haven`t bought the dip on BABA:
Now analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Now analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
BABA traded at $84.90 today, after earnings, and the Calls went up from $2.38 (when I wrote this article) to $2.85, for a modest 20% so far.
BUYSELL indicators tradingindicators.store/
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Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
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BYBIT partner.bybit.com/b/37880
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
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